Originally published on Fri November 16, 2012 12:40 pm
The Federal Housing Administration is on track to run out of money next September and may need a taxpayer bailout, an audit released today found.
Responding to the audit, however, the Obama administration announced a series of measures that they hope will raise enough revenue to keep the agency from seeking government help.
The Wall Street Journal explains:
Originally published on Fri November 16, 2012 12:47 pm
The federal government has all these ways of paying people to buy houses without actually, you know, paying people to buy houses.
We've talked a lot about two examples of this:
1. The mortgage-interest tax deduction is effectively a government payment to people who are paying a mortgage.
The U.S. government filed a lawsuit against Wells Fargo & Co., today, saying the bank was reckless when it issued federally guaranteed mortgages.
Originally published on Wed October 3, 2012 8:14 am
RENEE MONTAGNE, HOST: